01/19/2023
The Miami metro area is expected to be one of the few major housing markets that doesnβt see a housing price decline in 2023, according to a new paper by Goldman Sachs researchers (via Fortune).
Overall, Goldman Sachs is forecasting Miami home prices will rise slightly by the end of the year β one of only two major markets in the report expected to see an increase.
Hereβs what the Goldman forecast calls for in selected major markets in 2023:
Miami +0.8%
Baltimore +0.5%
New York -0.3%
Chicago -1.8%
Las Vegas -11.1%
Tampa -11.2%
Seattle -11.2%
Denver -11.4%
Phoenix -12.9%
San Diego -13.4%
San Francisco -13.7%
Austin -15.6%